News

View the latest news and breaking news today for Payments, Commerce, Retail, Mobile Order, and Technology at PYMNTS.com

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Scale AI Raises $1 Billion at Nearly $14 Billion Value
Scale AI Raises $1 Billion at Nearly $14 Billion Value
May 21, 2024  |  Investments

Scale AI raised $1 billion in a funding round that valued it at $13.8 billion. The company announced the Series F round in a Tuesday (May 21) blog...

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Visa and Mastercard Face Calls for More Transparency in UK
Visa and Mastercard Face Calls for More Transparency in UK
May 21, 2024  |  Credit Cards

The U.K.’s payments watchdog says card giants Visa and Mastercard need to offer greater transparency. The Payment Systems Regulator (PSR) said Tuesday (May 21) that it is proposing that both companies...

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Why Zillennials Will Rule the Digital Economy
Why Zillennials Will Rule the Digital Economy
May 21, 2024  |  Consumer Insights

The Census Bureau collects demographic data on the birthrates of those living in the United States and groups them into age-related cohorts based on the...

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Card Delinquencies Keep Falling as Lending Creeps Up
Card Delinquencies Keep Falling as Lending Creeps Up
May 21, 2024  |  Credit Cards

Credit card delinquencies reportedly fell in April amid signs of improved lending activity. That’s according to a report Monday (May 20) from Seeking Alpha, citing...

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Unlocking ‘Self-Driving Money’ With Smarter Card Reward Management
Unlocking ‘Self-Driving Money’ With Smarter Card Reward Management
May 21, 2024  |  Credit Cards

Most credit cards — more than 80% — offer rewards to their users. But making the most of those rewards can be a challenge, particularly...

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Bolt CEO Says Shopper Identity Will Redefine Retail
Bolt CEO Says Shopper Identity Will Redefine Retail
May 21, 2024  |  eCommerce

It was former GE chairman and management guru Jack Welch who once said: “You can’t grow long-term if you can’t eat short-term. Anybody can manage...

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Intellicheck CEO: Identity Validation Needs Simplicity as Account Takeovers Spike
Intellicheck CEO: Identity Validation Needs Simplicity as Account Takeovers Spike
May 21, 2024  |  Identity

Staying one step ahead of the bad guys is becoming more difficult by the day for financial services companies. For example, identity verification is a...

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UK Judge Rejects Computer Scientist’s Claim to Be Bitcoin Inventor
UK Judge Rejects Computer Scientist’s Claim to Be Bitcoin Inventor
May 20, 2024  |  Cryptocurrency

A judge at London’s High Court ruled Monday (May 20) that Australian computer scientist Craig Wright lied and forged documents to support his false claim of being...

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Bitcoin Tops $70K as Spot Bitcoin ETFs Draw New Investors
Bitcoin Tops $70K as Spot Bitcoin ETFs Draw New Investors
May 20, 2024  |  Cryptocurrency

Bitcoin topped $70,000 for a time on Monday. At one point, it was $3,931 higher than its previous close and 82.3% higher than its 2024...

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